Situation:

After funding two adjacent lots in Suffolk County NY for this borrower, Asset Based Lending financed a hard money loan for cash out and new construction on the third lot in Middle Island NY. The build has already begun, and will be the same model as the prior two: a 4 bed / 2.5 bath 2,200 square foot colonial with a 2 car garage and unfinished basement. The home will have an open floorplan that features a large kitchen and family room with up to 9-foot ceilings and above average finishes.